
News Link • Investigations
Private Jets, Political Cash Among $1B in Sam Bankman-Fried's Forfeited Assets: Court
• Activist PostA federal court confirmed the final tally of SBF assets the government staked a claim to, including $606 million in Robinhood stock sales and two private jets.
What to know:
• Disgraced former FTX CEO Sam Bankman-Fried had so many assets, the U.S. government needed dozens of pages to detail what he forfeited when he was convicted of fraud.
• The biggest single item on the list was more than $600 million one of his companies held in Robinhood shares.
A federal court has outlined just how extensive Sam Bankman-Fried's assets were before the young CEO of FTX was tried and imprisoned for fraud, and the government swooped in to seize roughly $1 billion in financial assets and two aircraft.
The final order of forfeiture issued on Tuesday by the U.S. District Court for the Southern District of New York formally severed Bankman-Fried's ownership stake in a property list dozens of pages long. The court document revealed the wide swath of assets the one-time billionaire claimed ownership in, including extensive crypto holdings of Alameda Research, the trading firm SBF co-founded.